Twitter Grows Up In Valuation, Board Count

By

Amir Efrati

Dec 2, 2010 7:00 pm ET

Twitter Inc. is considering raising capital at a valuation of more than $3 billion, said a person familiar with the matter, as it becomes the latest Web start-up to attract multibillion-dollar valuations.

Possible investors in the four-year-old microblogging service include the Russian Internet investment firm Digital Sky Technologies and Silicon Valley venture-capital firm Kleiner Perkins Caufield & Byers, said the person familiar with the matter.

A spokesman for DST, which is led by Russian Internet executive Yuri Milner and has invested in deal-of-the-day site Groupon, social gaming service Zynga Game Network and social-networking site Facebook, didn’t respond to requests for comment. Representatives of Kleiner and Twitter declined to comment.